| There's nothing wrong with slow growth--that's how most small to mid-size businesses operate, both in the US and abroad. But as a Silicon Valley tech investor, you're not incentivized to fund companies that grow slowly over time. You're incentivized to fund moonshots that rapidly explode, take over the world, and get you the highest ROI in the shortest period of time. So, if a company isn't growing exponentially every year--and as an investor--my salary/job-evaluations are dependent on successfully funding companies that grow exponentially, I'd have no incentive to invest. And as a result, if the company needs a constant cash-infusion to stay alive--it needs to grow exponentially. It's either: (A) get cash, grow fast; or (B) no need for new cash, grow slow. (A) is the SV way. (B) is more common in other industries/sectors, parts of the world. Neither is inherently/morally better (my opinion only), but both are a functional result of the systems and incentives in their respective professional ecosystems. |